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Switzerland To Allocate $31 Million To Armenia

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  • Switzerland To Allocate $31 Million To Armenia

    SWITZERLAND TO ALLOCATE $31 MILLION TO ARMENIA

    YEREVAN, July 16. / ARKA /

    Switzerland will provide Armenia with over $31.5 million as part of
    its South Caucasus Cooperation Program in 2013-2016, according to
    Rudolf Schoch, regional head of the Swiss Cooperation Office for the
    South Caucasus.

    The overall budget for the region is $120 million. Azerbaijan will
    receive $30 million and Georgia -$40 million. The remaining funds
    will be used for joint regional projects, Schoch said to reporters
    during the presentation of the program.

    He said the funds will be used to spur economic development in the
    three countries, development of local self-government institutions,
    as well as protection of human rights and conflict resolution.

    According to Caucasus Institute director Alexander Iskandaryan, the
    amount released to Armenia is quite significant, given the size of
    its population as opposed to other two countries.

    He said similar Swiss programs have always benefited Armenia, in
    particular, its agricultural development. The organization's strategy
    for the next four years calls for expansion of activity, particularly
    at local government level and resolution of the Karabakh conflict,"
    Iskandaryan said.

    In his view, such programs can not change the situation radically in
    the region, but at the same time they are useful and important for
    Armenia and the region as a whole. -0-

    - See more at:
    http://arka.am/en/news/economy/switzerland_to_allocate_31_million_to_armenia/#sthash.4sjn0HTr.dpuf

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